Six U.S. Senators press regulators to revisit Basel 1,250% Bitcoin risk weight

Six U.S. senators disclosed on June 4 that they are pressing U.S. bank regulators to reconsider a Basel capital rule that can assign certain cryptoasset exposures a 1,250% risk weight. They argue the formula can translate into a capital requirement equal to 100% of a bank's exposure, which they say makes holding BTC uneconomic for regulated institutions. The push follows a May 27 letter urging the Fed, FDIC, and OCC to update digital-asset capital standards and develop a new framework.